Liberty Reserve Founder Indicted on $6 Billion Money-Laundering Charges
Found on Wired on Tuesday, 28 May 2013
Arthur Budovsky, a Costa Rican citizen of Ukrainian origin, and the founder of the currency system, was arrested in Spain last Friday, while others were arrested in Costa Rica and New York. Police in Costa Rica also raided three homes and five businesses linked to Liberty Reserve, according to the Associated Press. The digital currency’s site went offline last week, with its front page replaced by a notice saying that the domain had been seized by the United States Global Illicit Financial Team.
Liberty Reserve required only a valid email address to open an account and initiate transactions. It charged a 1 percent fee for each transaction and, for an additional 75 cents, offered to hide a user’s account number in transactions.
So the US once again plays world police and terminates a business that's not based on their territory; when they tried that with a filesharing service in New Zealand it didn't go as smooth as they hoped. Besides, last time I've checked Paypal asked for an email address only too.